Wednesday, January 29, 2014

Google agreed to sell its Motorola Mobility subsidiary to Lenovo for $2.91 billion. The deal will require approval from U.S. and Chinese regulators.

Google, which acquired Motorola Mobility in April 2011 for $12.5 billion, said it will retain the majority of Motorola's patents in order to defend the Android ecosystem. The sale of Motorola enables Google to ensure a more level playing field for Android.